Funding you earn now, next payment 22:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.014%
Price spread now: Gate against Extended−0.253%7-day average −0.140% · you buy dearer than you sell
Net, funding: paid 7d − costs−$242as in the Funding arb table
Net, price: spread back to 7d avg − costs−$243as in the Price arb table
costs, in and out, $10k−$2322.321% of the position
Funding, last 7 days−0.101%−$10 on $10k
+Price spread, last 4 days (all we have)+0.244%+$24 · spread now −0.253%, 7d avg −0.140%
=Together, before fees+0.143%+ Points / potential airdropExtended: Active · farm board+$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.113% cheaper against Extended than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.140%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended OPENAI-USD | 1,624.2 | 0.0048 | pay 0.0006% / 1h | 22m 50s | $133K | $656K | 10x |
| Short | Gate OPENAI_USDT | 1,620.1 | 0 | get 0.0000% / 8h | 2h 22m | $52.7M | $48.5M | 50x |
Extended OPENAI-USD
Gate OPENAI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.08
- Price spread: −0.253% → −0.140%
- −$11.3
- Slippage, 4 orders
- −$212.06
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$253.44
- Costs to cover
- 2.321%
- Break-even
- never at this rate
Slippage from Extended: live order book, 65 min ago; Gate: live order book, 1 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Extended live order book, 65 min ago | 4.90 bp | 42.7 bp −$43 | 274.7 bp −$2,747 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 4.87 bp | 108.5 bp −$109 | 1578.8 bp −$15.8K | doesn't fit | doesn't fit |
OPENAI on 22 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit OPENAI_USDC-PERPETUAL | −0.2285% | 1h | 1,626.2 | +0.122% | — | $3 | 5x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,704.6 | +4.946% | $1.4M | $314K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,671.9 | +2.932% | $757K | $224K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,656.3 | +1.973% | $5.1M | $1.4M | 20x | as long as short |
| QFEX OPENAI-USD | 0.0000% | 1h | 1,626.2 | +0.123% | $1.2M | $359K | 10x | as long as short |
| Gate OPENAI_USDTshort | 0.0000% | 8h | 1,620.1 | −0.253% | $52.7M | $48.5M | 50x | |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,626.7 | +0.152% | $5.5M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,628.3 | +0.249% | — | $2.6M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,632.2 | +0.487% | $79K | $211K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,624 | −0.015% | $1.6M | $582K | 10x | as long as short |
Deribit OPENAI_USDC-PERPETUAL
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
QFEX OPENAI-USD
Bitget OPENAIUSDT
SunX OPENAI-USDT
HTX OPENAI-USDT
Phemex OPENAIUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,667.9 | +2.688% | $2.6M | $6.2M | 5x | as long as short |
| Extended OPENAI-USDlong | +0.0048% | 1h | 1,624.2 | long leg | $133K | $656K | 10x | |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,632 | +0.475% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,623.8 | −0.030% | $23.2M | $21.2M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,623.6 | −0.040% | $12.9M | $3.1M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,640.2 | +0.985% | $375K | $65K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,636.3 | +0.741% | $2.7M | $659K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,637.2 | +0.797% | $2K | $154K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0067% | 8h | 1,626.3 | +0.125% | $472K | $292K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,625.1 | +0.052% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0110% | 1h | 1,669.4 | +2.780% | $7.3M | $2.2M | 6x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.1080% | 1h | 1,633.9 | +0.596% | $237K | $107K | 5x | as long as short |
Lighter RH OPENAI
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Aevo OPENAI-PERP
Entropy io:OAI
Coinbase International OPENAI-PERP-INTX